The Business Times, 25 January 1996

Microfilm: NL20518
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA (P) 046/12/95 Internet: http://www.asial.com.sg/biztimes SINGAPORE THURSDAY, JANUARY 25,1996 85c
    13 words
  • Article
    MARKET SUMMARY
    71 1 D MMtfß (-22.75) nBTOQKP mM *****3 (-18.85) P| BT-MGA U U47J7 (+4.39) Q IUkKKET HOOD: grocmiiiET dhhobs Wednesday Change KLSE COMP 1060.50 -10.96 NIKKEI *****.74 +231.82 HANG SENG *****.21 +2.99 SET INDEX 1378.30 -10.57 JAKARTA COUP 569.96 -4.34 MANILA OOHP .....2876.34 +2.66 TAIPEI WI 5013.20 +4.95 SEOUL COUP
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  • Article
    FINANCE
    67 1 EXCHAM6E KATES US$ S$ 081 l.«l L till .1150 DM M74 0.958 *W- JJK™—1.331 m 0.190 .0.564 ma 8.149 1.184 BAHT 0.066 RUPIAH100 0.044. .0.062 rum lira SINGAPORE* J. 44 KUALA LUMPUR A15 JAKARTA 17^0 BANGKOK 1175 MANILA 15.W HONGKONG M TfUFH_ ......8.00 SYDNEY-. 14.75 TOKYO SEOUL .12.00 ZURICH**
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  • Article
    URA's first 1996 land sale draws encouraging bids
    878 1  -  Bat developers show restraint even though bids are generally on high side By. Abdul Hadhi [SINGAPORE] The cutback in housing loan quantums by banksdid little to deter developers, whose bids in the Urban Redevelopment Authority's (URA) first residential site tender this year
    878 words
  • Article, Illustration
    Lock icon Spanner in the works
    15 1 For the nuts and bolts of it all, seepg2 CHRIS LOH
    CHRIS LOH  -  15 words
  • Article
    Lock icon US$ surges on report of Japan trade surplus dip
    132 1 Reuter, AFP [TOKYO] The US dollar surged against the yen here yesterday, spurred on by a drop in Japan's trade surplus and fresh concerns about Chi-nese-Taiwan relations. The US dollar rose to 106.95 yen yesterday afternoon, compared to its 105.93 close
    Reuter,; AFP  -  132 words
  • Article
    Negligence suit surprises Baring Futures (S) auditors
    377 1  -  By Conrad Raj [SINGAPORE] Deloitte Touche, the auditors of Baring Futures (Singapore), said yesterday they were surprised at the negligence suit brought against them by the joint administrators of the Barings group of companies. The administrators Nigel Hamilton, Alan Bloom and Maggie Mills
    377 words
  • Article, Illustration
    Yeo Hiap Seng loses Corona beer distribution rights
    378 1  -  Byi Conrad Raj [SINGAPORE] Yeo Hiap Seng has lost the distributorship rights for Corona, the Mexicaltbeer that Singapore's yuppies love to drink straight from the bottle with a slice of lemon on the side. And the winner is local beer giant Asia
    378 words
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      134 1 ——nn What price exec Oktx? With HDB executive flats in Bishan and Tampines changing hands at more than $700,000, are prices going through the roof? P*« ttpraxnß UlA'sfirtflMlbuimfe friwsi thispg. fekmks like those looking for a correction in Am residential property market have to settle for a consolidation. Otemk kmr,
      134 words
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      18 1 China threatens attack, reports NYT, Pg 8; Japan trade surplus falls for first time in syrs, Pg 10
      18 words
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      Page 1 Advertisements Column 3
      86 1 Now with Business YO Centre, you can land more business opportunities than ever before. Simply because we help you stay 11 in touch with prospective clients 24 hours a day. Through our Hotline, they M Ik ll can get easy access to information on your products or services. Anytime, anyday.
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Royal Sporting House to drop Sports Station concept
      497 2  -  Leading sports retailer aims to sharpen focus with Why Pay More and specialty shops By Jenny Lam ROYAL Sporting House (RSH), a leading sports retailer, is changing its business strategy to sharpen its competitive edge in Asia. It is dropping its Sports
      ARTHUR LEE  -  497 words
    • Article, Illustration
      Allen Pathmarajah quits as MD of Great Eastern
      341 2  -  By i Conrad Raj GREAT Eastern Life's Allen sC*thmarajah, one of the best:uptown figures in Singapore's :%isurance industry, is quitting as managing director of company to pursue other .'jjhsiness interests, jv* A company statement said Pathmarajah has given six •si(onths' notice with
      341 words
    • Article, Illustration
      Lock icon Hotel occupancy dips
      290 2  -  EYE OK THE ECONOMY Hotels By, Agnes Wee THE average hotel occupancy rate in the first 11 months of last year fell 2.1 percentage points from the level in the same period in 1994. Figures in the November monthly report on tourism statistics re- leased by the
      Source: STPB; BCRUZ  -  290 words
    • Article
      Pisces Technologies in venture to make printed circuit boards
      200 2 PISCES Technologies Holdings and its wholly-owned subsidiary, circuits plus, will form a joint venture with Japanese precision engineering firm Nihon Micron, Singapore machinery and equipment distributor Lionapex Equipment and Lionapex shareholder Hiroyuki Maruyama to develop and produce printed circuit boards and
      200 words
    • Article, Illustration
      Lock icon Getting down to the nuts and bolts
      144 2 EAGER bidders thronged the production floor of the old Smith Corona typewriter plant at Bedok South yesterday, as 2,000 lots ofmanufacturing equipment went under the auctioneer's hammer. Equipment shoppers at the auction on thefirst day had their pick ofthe crop, including 40 punch
      CHRIS LOH  -  144 words
    • Article
      GM unit setting up auto electronics design centre here
      338 2  -  The centre, to be set up over four years, will serve Delco's Asia-P&c customers fiy. Ang Wan May DELCO Electronics Asia Pacific Pte Ltd, a unit of the General Motors group, will invest $80 million in an automative electronics design centre
      338 words
    • Article
      Mind your language
      471 3  -  AT THE BAR Law Academy to organising workshops to teach lawyers how to nse simple Engit«H By Diana Oon EXPLAINING what is meant by plain English might seem like a contradiction in terms, but this is exactly what will be done this weekend when the Law Academy's
      471 words
    • Article
      Women's Charter: heftier penalty proposed
      177 3 A HEFTIER penalty has been proposed for bosses who fail to inform the court of changes in the salary and employment status of an employee who is paying maintenance to his exwife and children under the Women's Charter. The fine for such an offence wiU
      177 words
    • Article
      Headstart for hotel, port, FairPrice ventures
      499 3  -  MIMISTEUAL VISIT TO MYAKMAB Projects underline involvement of STpore businessmen in Myanmar Reports by Loh Hui Yin m Yangon IT was a hectic day for three visiting ministers from Singapore yesterday, reflecting the scope of the Republic's economic relations with Myanmar. Between them, they
      499 words
    • Article
      Hotel projects will boost economy, says minister
      296 3 [YANGON] A Myanmar minister has hit out at critics who say the influx of tourism investments has benefited only a select few, pointing to the multiplier effect these inflows have on the economy. Minister for Hotels and Tourism, Lt-Gen Kyaw Ba, said yesterday:
      296 words
    • Article
      Telerate sets up trading link to world financial markets
      229 3 LIBERTY, a subsidiary of Ced el the international clearing and settlement house has established a trading system link with Dow Jones Telera te's information systems. This tie-up between Liberty's Inter Trade direct order routing system with Dow Jones win enable Telerate
      229 words
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      113 2 MRS UNIVERSITY of Hull Degree ceremony at the Raffles Hotel IVTRA zs&r Intake INNOVATIONS ADVANTAGES First to offer TQM and a Systems Approach to Creative Problem Solving First to offer Entrepreneurship and Project Management as core modules •Completion in 21 months 312 seminar hours; 100% conducted by Hull and its
      113 words
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      Page 2 Advertisements Column 2
      33 2 Republic Piaza Ngee Ann Cfty Odeon Towers The Best Building at HI the Best locations MRCENTRE *****65 Singapore, Bangkok, Kuala Lumpur, Jakarta Singapore I Business Giving I you the I winning edge I
      33 words
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      8 2 mill Self-Lock-Up Office Suites With Complete Secretarial Support
      8 words
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  • Page 3 Advertisements
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      121 3 ■HHSSQiBm mbmmjttKKKigX 4 Wfcfn John Daly steps onto the golf course, he doesn't exactly tiptoe. The man to put it mildly, a lightning storm A hundred volts of pure golfing excitement. And he has forever changed the game as we know it. There's a new HAigMMIMI kind of golfer there.
      121 words
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      204 4 pftH s —I I Morris Mechanical Handling Limited I A V an r in 9 IJE?? IRL England aiSWeslForestHillAvaOaSkrSnSSm J Te.: (O'SOa'6loo6^x «4o« "C^RR. 3 G Tel: (414) 764-8551 Fax: (414) 764-8474 Fax. (*****) *****4 f Thong Huat Brothers (Pte) Ltd HEMPEL M I 22 Defu Lane 9 #01-22 N.
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      858 5 I UaBKABAiMH Celebrating The Grand Qpeninp Ap Of Morris Blooma Jar In Singapore. Jf MESSAGE FROM MICHAEL SCOTT ERWIN, PRESIDENT OF P H, THE MATERIAL HANDLING DIVISION OF HARNISCHFEGER DOARD OF DIRECTORS INDUSTRIES, MILWAUKEE USA. Or the occasion of the opening of the Blooma Engineering Factory in lues we are
      858 words
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  • FOCUS: PROPERTY
    • Article, Illustration
      Are recent sky-high HDB resale prices mere flukes?
      591 6  -  Actual sales show the few with high prices are exceptions rather than the rule By, Abdul Hadhi [SINGAPORE] HOUSING Board executive flats have been making the headlines lately for the high prices some of them have been fetching in the resale market.
      591 words
    • Article
      House Hunt
      817 6 HDB transactions from 15 Jan, 1996 Type/Loeatlsa Paalal Contract BaUt-la Prlee Dlitrlet Data (sq fl) aalt (St) paf (8$) •-room Paslr Rla St 72 1851 02 Jan 1560 513,000 329 Hougang Ave 7 1953 03 Jan 1560 470,000 301 Ylshun Central 2776 04 Jan 1560 515,000 380 FaJarRd
      817 words
    • Article
      Guangzhou project's S'pore launch
      275 6  -  By: Diana Oon [SINGAPORE] A local developer and two Singapore businessmen have invested in a $300 million housing project in Guangzhou, China. Phase one of the development, consisting 0f220 units of bungalows, semi-detached houses, townhouses and apartments, is scheduled for completion at the end of this
      275 words
    • Article
      JLW unit gets new brokerage senior manager
      178 6 [SINGAPORE] JLW TransAct, a subsidiary of Jones Lang Wootton, has appointed an Australian hotel broker to be its new senior manager, brokerage, at its Asia Pacific headquarters in Singapore. The hotel property company said that the appointment of Tony Karp, with his experience
      178 words
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      Page 6 Advertisements Column 1
      44 6 If you must leave a mark, let it be a.testoni x bv a. testoni® BOLOGNA ITALIA ingenuity shafwd hy tradition AtA.Tbtoni Bocnytß *01-15/16 Hilton Hotel Shopping Gallery Ta: 734 4855 *OMOM/u«mwn H«mi Shopping At-adiTo: 734 1558 *01-11 Raffles Hotel Shopping A* ;amTbu 334 0103
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      72 6 COLLECTIVE SALE BY TENDER Development Site at 45 Kovan Road Freehold tenure. Land area of 19,144 sq ft approx. v v fOjGOKi X. V DGP allowed for a residential v "S WMW SfSSS&f development up to >' :V 4-storey and a plot < m "ZHy Closing date of lender v**
      72 words
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      363 6 88i88i88i************************* Eafoy a great feast arith ottr act menu aad tfarae apadalliae raaMdufale tKacoant. S Promotion tfl 17 Feb 1996 only. £j Dragon City Set Menu For 10 Persons Grand City S«t Menu For 10 Person* [J1 UP NOW $468+++ UP $j*o+++ NOW $468+++ Be. A S? r 1 Roasted
      363 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Trade deficit will stay within forecast: Anwar
      376 7 KUALA LUMPUR Deputy PM optimistic Malaysia will hit projected growth and deficit levels Reuter, Bernama MALAYSIA'S 1995 trade deficit will be within estimates made earlier, the country's Deputy Prime Minister and Finance Minister Anwar Ibrahim said yesterday. "The trade deficit is very much
      Reuter,; Bernama  -  376 words
    • Article
      Lock icon Tone, not facts of 'Noddynonrics' report caused stir
      297 7 KUALA LUMPUR Reuter A REPORT by London investment firm Kleinwort Benson that labelled Malaysia's economic polices as "Noddynomics" contained accurate depictions of investor concerns but ruffled feathers with its tone, local dealers and analysts said yesterday. Kleinwort, which has a branch office
      Reuter  -  297 words
    • NOTE Book
      • Article
        Lock icon Indon deregulation
        3 7 Reuter
        Reuter  -  3 words
      • Article, Illustration
        Lock icon Making noise over VAT
        41 7 Reuter [MANILA] Filipino housewives bang pans, pots and kettles ill itHlWittlHnf the suspension of the expanded value added tax by the t government which they claim has boosted prices ofbasic commodities beyond the reach of ordinary Filipinos.—
        Reuter  -  41 words
      • Article
        Lock icon N-plant construction to bogts in '96 or'99
        68 7 UPI (JAKARTA] Indonesia is expected to tee* ground on the construction of its first nuclear power plant in densely-populated Central Java despite objections from environmentalists, a senior energy official said yesterday. "If all goes as planned, the construction will begin in 1988 or
        UPI  -  68 words
      • Article
        Lock icon Accurate maps for Phnom Penh
        67 7 AFP [PHNOM PENH] The first accurate and complete set of maps ofPfcnom Penh produced since before the beginning of the brutal Khmer Rouge regime will be used to help plan the future ofthe Cambodia capital. With help from the French National Geographic Institute, maps created
        AFP  -  67 words
      • Article
        Lock icon Calm again on Viet-Cambodian border
        36 7 AFP [HANOI] Calm has returned to the border between Vietnam and Cambodia after a series of minor clashes there in the past few weeks, a local military commander said yesterday. —AFP
        AFP  -  36 words
    • Article
      Lock icon Call to punish loan violators
      321 7 JAKARTA Banks' breach of legal lending limit roles may posh inflation np, says MP Reuter INDONESIA'S central bank, Bank Indonesia, must take harsher action against banks violating the legal lending limit (LLL) rules, two parliamentarians were quoted yesterday as saying. "Many privately owned banks have
      Reuter  -  321 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      306 7 Let Sckroders carry your investments =r to the world's stockmarkets. The Schroder Global Enterprise Fund seeks Enterprise Fund, you gain ownership of a wide, 536-6626 or return tke coupon below. to achieve long-term capital growth for investors. cross-selection of shares in the world's major Fixed price offer closes on 24
      306 words
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  • CHINA-HONGKONG-TAIWAN
    • Article, Illustration
      Lock icon Cutting the life line
      571 8  -  GHDIA WATCH Hie withdrawal of govt support will expose structural flaws in China's export nrn^hina By Lu Ning FOLLOWING national conferences on planning, agriculture and finance, China on Tuesday convened a national working conference on foreign trade and economic relations to set its trade agenda for
      BCRUZ  -  571 words
    • Article
      Key panel split over who gets top job?
      175 8  -  ■HONGKONG By' Quak Hiang Whai BARELY a month after their appointments, key members of the Preparatory Committee, which will indirectly select the chief executive of Hongkong after 1997, are rooting for different candidates for the top job in the territory. Yesterday, a
      175 words
    • Article
      Lock icon US wants more info on visa request
      89 8 WASHINGTON AFP THE United States will make a decision on granting a transit visa to Taiwanese Vice-Presi-dent Li Yuan-zu once Taiwan supplies more information on the trip, the State Department said on Tuesday. The Taiwanese official has asked for a transit visa to
      AFP  -  89 words
    • Article
      Lock icon China threatens attack if Teng-hui wins, says NYT
      441 8 BEIJING But Baying denies report and calls it utterly groundless NYT, Reuter THE Chinese leadership has sent unusually explicit warnings to the Clinton administration that China has completed plans for a limited attack on Taiwan that could be mounted in the weeks
      NYT,; Reuter  -  441 words
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      214 8 Incorporation of offshore companies with Chinese name Memorandum and Articles of Association are issued in Chinese Certificate of Incorporation is issued For further information with company name in Chinese and immediate service characters please contact: Michael J Kingston Corporate documents notarised or OFFSHORE authenticated by the Embassy of the CORPORATE
      214 words
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      Page 8 Advertisements Column 2
      41 8 Hermes silk twill ties. Hermes. Time makes the difference. HERMES PARIS Available exclusively at: #01-02 A Liat Towers. Orchard Road. Tel: 734 1353 Level I. Singapore Daimaru. Tel: 339 1111 Ext. 291 Level 2. Takashimaya, Ngee Ann City. Tel: 735 5228
      41 words
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      602 9 "452 JfcHM: t' >v» 'ilHiii'iimm i ;i" ulli'i lot inoM> m tcmi', ol piolc, Hon c(iiii|ict'l(n in the rn.iih'l H I < xl.iv. '''''•I' 11 I .!<:(• Ill) wl<'(l I 11 111 Ir I ***** iir I li. till' ln.iteii.il I>ltli•tt I i I 11 ,> I its <■ i
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  • ASIA
    • Article
      Trade surplus falls for first time in five years
      419 10  -  TOKYO Structural changes in the economy expected to posh surplus even lower, despite the yen's weakness By< Anthony Rowley JAPAN'S chronic and controversial global trade surplus fell on an annual basis in 1995 for the first time in five years, according
      419 words
    • Article
      Hashimoto, Ozawa clash head-on over jusen rescue
      336 10 BATTLELINES were drawn yesterday between Japanese Prime Minister Ryutaro Hashimoto and opposition leader Ichiro Ozawa over the controversial government scheme to inject 685 billion yen (559.11 billion) into rescuing the bankrupt housing loan corporations (jusen). Mr Ozawa, who heads the Shinshinto party, demanded
      336 words
    • Article, Illustration
      Lock icon We'll sleep in the subway
      133 10 [TOKYO] An elderly homeless man tying himself up in chains in a demonstration in a downtown Shinjuku underpass just before a police raid early yesterday. Japanese police forcibly removed several hundred homeless people and sympathisersfrom the underpass in Tokyo s commercial centre in an operation
      AFP  -  133 words
    • Article
      Lock icon Rao's party refutes graft claim, says he won't quit
      165 10 NEW DELHI AFP INDIA'S ruling Congress (I) party yesterday dismissed caUs for Prime Minister P V Narasimha Rao's resignation after the opposition roped him into a snowballing payoff scandal. "The question of the prime minister's resignation does not arise," Congress spokesman
      AFP  -  165 words
    • Article
      Lock icon Japan planning 200-mile exclusive economic zone
      105 10 TOKYO AFP JAPAN is considering setting up a 200-nautical-mile exclusive economic zone off its shores in anticipation of the ratification of a UN maritime treaty, a foreign ministry official said yesterday. "We are preparing for the UN treaty," the official said. However, he said,
      AFP  -  105 words
    • ASIA Notes
      • Article
        Lock icon Tokyo unveils 10-year space plan
        79 10 AFP [TO KY O] Japan unveiled a 10- year blueprint for its ambitious space programme yesterday with plans to develop an advanced version of its H-2 rocket with the capacity to carry twice the current payioad at half the price. The Space Activities Commission, an
        AFP  -  79 words
      • Article
        Lock icon Japan recovery in sights BOJ
        62 10 AFP [TOKYO] Bank ofJapan governor Yasuo Matsushita said yesterday the economy was moving towards renewed recovery foUowing the yen's decline against the dollar, but some areas of worry remained. "The economy, again, is moving towards a recovery, although differences remain area by area," Mr Matsushita
        AFP  -  62 words
      • Article
        Lock icon 50 injured in Dhaka political clash
        73 10 AFP [DHAKA] More than 60 people www injur*! as polk* used tear gas and truncheons to separate opposition activist* from supporters of Prims Minister KlfaledaZia in the north-eastern Sylhet district, reports said yesterday. Ms 4 Zia's ruling Bangladesh Nationalist Party (BNP) supporters attacked opposition
        AFP  -  73 words
      • Article
        Lock icon Enron: Work to resume on April 1
        67 10 AFP [BOMBAY] US firm Enron Corp announced yesterday that it would resume work on a renegotiated power project in the Indian state of Maharashtra on April 1. "Ws hops to resume work at the project site on April 1," Snron chief I executive
        AFP  -  67 words
  • Page 10 Advertisements
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      2081 10 UNITED OVERSEAS BANK LIMITED N M ROTHSCHILD SONS (SINGAPORE) LIMITED BRANBURGH HOLDINGS PTE LTD (Incorporated in the Republic of Singapore) CONDTTIONAL CASH OFFER FOR UNITED PULP PAPER COMPANY LIMITED (Incorporated in the Republic of Singapore) Introduction On 9 November 1995, United Overseas Bank Limited ("UOB") and N M Rothschild Sons
      2,081 words
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  • THE WORLD
    • Article, Illustration
      Lock icon Extend debt limit: Clinton
      469 11  -  WASHINGTON Congress urged to prevent US from defaulting on its financial obligations By: Leon Hadar PRESIDENT Bill Clinton urged Congress on Tuesday to extend the federal debt limit and prevent America from defaulting on its financial obligations or face possible failure of the US government to
      REUTER  -  469 words
    • Article
      Lock icon Take us to the European Court, EU tells China
      239 11 BRUSSELS Reuter CHINA should take its complaints about EU discrimination and protectionism in trade to the European Court of Justice, the European Commission said yesterday. Senior Chinese trade officials have argued that antidumping measures put in place by China's major trading
      Reuter  -  239 words
    • WORLD Watch
      • Article
        Lock icon US$100b gas pipeline projects proposed
        79 11 Bloomberg Business News [LONDON) More than US$lOO billion (Ssl42 billion) worth of pipeline projects have been proposed to help feed the Asia-Pacific region's mounting appetite for natural gas, according to a study by Wood Mackenzie consultants. While some proposals may never get funding, investors are
        Bloomberg Business News  -  79 words
      • Article
        Lock icon Clintons are honest, almost: poll
        69 11 AFP [NEW YORK] Six Americans out of 10 believe that President Bill Clinton and his wife Hillary have mostly told the truth about the Whitewater affair, but were still hiding something, according to a poll by The New York Times and CBS Television. Those responding
        AFP  -  69 words
      • Article
        Lock icon Palestinian state in a year: Arafat
        52 11 AFP [JERUSALEM] President Yasser Arafat said a Palestinian state can be created within a year and called for an early start to negotiations with Israel, Al Quds daily reported yesterday. "The Palestinian state can be established within a year or a year-and-a-half at the
        AFP  -  52 words
      • Article
        Lock icon Banned Mitterrand book a hit on Internet
        66 11 AFP [BESANCON, France] French lawyers yesterday faced a legal tangle after a cyber version of a banned book about ex-president Francois Mitterrand went online on the Internet. The book, which reveals confidential details about Mr Mitterrand's cancer, went on line despite being banned
        AFP  -  66 words
    • Article
      Lock icon Americans' top worry now budget deficit
      160 11 NEW YORK AFP THE budget deficit has surpassed crime to top the list of Americans' concerns, according to a New York Times/CBS poll released on Tuesday. The poll, carried out from Jan 18 to 20, also indicated the electorate holds the Republicans responsible for
      AFP  -  160 words
    • Article
      Lock icon Buba cuts repo rate by 10 basis points
      483 11 FRANKFURT German economic growth is poised to slow in 1996, says survey of economists Bloomberg Business News Reuter THE Bundesbank yesterday cut its chief money market rate by 10 basis points as expected, keeping the possibility of other interest rate cuts open.
      Bloomberg Business News; Reuter  -  483 words
    • Article
      Lock icon Economists expect Fed to cut rates in first quarter
      365 11 NEW YORK Reuter A STRONG majority of US economists said the Federal Reserve will ease rates in the first quarter of 1996, but those forecasting a cut were split almost down the middle on whether it would occur in January or
      Reuter  -  365 words
    • Article
      Lock icon Russia to shift focus of foreign trade to Asia-Pac
      209 11 MOSCOW AFP RUSSIA will reorientate foreign trade for the next ten years towards Asia and the Pacific, and particularly China, Oleg Davydov, Vice-Prime Minister in charge of Foreign Trade, said here yesterday. "Orientation towards the East is a strategic choice for
      AFP  -  209 words
    • Article
      Lock icon FCC cites five US telecom firms for 'slamming'
      221 11 WASHINGTON Bloomberg Business News THE Federal Communications Commission on Tuesday cited MCI Communications Corp, AT&T Corp, and three other companies for allegedly switching customers' long distance service without their knowledge a practice known as "slamming". In issuing the five notices of "apparent
      Bloomberg Business News  -  221 words
    • Article
      Lock icon Union calls for week-long protest against reforms
      120 11 PARIS Reuter FRANCE'S communist-led CGT trade union said yesterday it was calling for a week of protests against government reforms from Feb 5 to 11. A CGT statement called for "varied action in firms, branches and towns", including work stoppages, and declared Feb
      Reuter  -  120 words
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      Page 11 Advertisements Column 1
      142 11 Restoria* Darkens grey hair mm lmin-_ in 5 minutes I Will not wash out and last for weeks. 2 min-^H KM «M9| Imf /Sjggk W wmmmmm tmmmmm. yggpna* m Available atApex.Hu*»D'»" 1 NTUC Healthcare and independent pharmacies. Marketed by: A ACCORD MARKETING SERVICES A division of Cold Storage Singapore (1983)
      142 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Tokyo should not cut banks' capital ratio
      802 12  -  THE BOTTOM LIME OPINION By Lee Boon Keng The writer is a lecturer at Nanyang Business School, NTU IT WAS reported recently in the Nikon Keizai Shimbun that the Finance Ministry of Japan and Bank of Japan were considering temporarily reducing the capital
      802 words
    • Article
      IN OTHER WORDS
      125 12 This year must be the year of recovery.' Ryutaro Hashimoto Japanese Prime Minister, in his first speech as premier, to the Diet. He said the use of taxpayer funds to help solve Japan's bad-debt problem is part of the government's economic recovery plan. 'Given the large volume
      125 words
    • Article
      Watch the bumps in Malaysia
      576 12 EDITORIAL LAST week the Malaysian stock market hit a speedbreaker. After having climbed almost 8 per cent in just 10 trading days since the start of the year, the KL stock exchange index tumbled 33 points, or more than 3 per cent on Jan 18.
      576 words
    • Article, Illustration
      Era of immunity for politicians ends
      942 12  -  Prosecution of ministers and ex-ministers for corruption is a credit to Indian PM Rao By] Prem Shankar Jha The writer, former editor of The Hindustan Times, contributed this article to BT AMONG the many hurdles a command economy encounters when making the transition to
      942 words
    • Article
      WHAT THE OTHERS SAY
      777 12 Yeltsin: a contrarian view THE latest terrorist action by Chechen rebels in Dagestan and the violent reaction to it by the Kremlin have re-ener-gised the debate over President Boris Yeltsin's political future and the prospects for Russia's reforms. Yeltsin's decision to shoot First and ask questions
      777 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      39 12 DOONESBURY By Gary Trudeau "PEAR. MR. POQNESffJRy- PO 1 iYOU USB QUALITY CONTROLS QUALITY CONTROLS, OUITB f^LS XlHa TO UJSEV OUTUJEAK MATERIAL 7 9TR.IN6EMT ON6-S AT THAT!J STRJP YOUARt REAPINGR&fTj\ PON7HAVB PRESSURE. I CANT TELL. STNC&ZEI.Y AKINCHLINE. ON MB!
      39 words
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  • EXECUTIVE LIFESTYLE
    • CHATTER Box
      • Article
        Lock icon NY to say goodbye to Dolly!
        61 13 Reuter HELLO, Dolly! a revival of the 1964 musical with music and lyrics by Jerry Hainan, directed by Lee Roy Reams and starring Carol Charming, is to end its limited engagement in New York after the matinee on Sunday at the Lunt-Fontanne Theatre. The
        Reuter  -  61 words
      • Article
        Lock icon Ford lost in Fergie's shadow
        102 13 UPI FORMER US President Gerald Ford seemed puzzled when he stepped out ofthe entrance to the Waldorf Towers, the posh residential tower of New York's Waldorf-Astoria Hotel, the other day and was ignored byasea of reporters and photographers at the curb. Ford alipped unnoticed into
        UPI  -  102 words
      • Article, Illustration
        Guess who's the new model?
        99 13 THERE'S a new Guess? girl in town. Following in the considerable wake of Claudia Schiffer, Anna Nicole Smith and Drew Barrymore, actress Juliette Lewis will headline the clothing company's newest advertising campaign. Lewis was nominated for a best supporting actress Oscar for her work in
        99 words
      • Article
        Lock icon Who wrote the Clinton novel?
        127 13 UPI EVERYBODY is guessing who wrote the thinly veiled satirical novel about US President Bill Clinton's 1808 campaign, the new Random House book Private Colon, whose author is "Anonymous". In next Sunday's New York Times book review section, reviewer Michael Lewis guesses the author is
        UPI  -  127 words
    • Article, Illustration
      A difference in inspirations
      557 13  -  IOLa lbms looks at how two artists depict everyday life IOLA LENZI OPERA GALLERY is currently exhibiting Portuguese artist Ernesto and his Malaysian counterpart Loh Ek Sem to A Halcyon Adventure. Though both Loh and Ernesto are figurative painters who use vivid palettes to depict scenes
      557 words
    • Article, Illustration
      Lock icon Unself-conscious new talent at Sundance Film Festival
      567 13 FILM The Utah-based festival is becoming a big world event NYT [PARK CITY, Utah] One of the more enthusiastically received pieces of film here is the quick trailer that introduces each feature-film programme. Made as a class project by students at the Pasadena
      NYT  -  567 words
    • Article, Illustration
      Lock icon Nigeria produces writers but few books
      771 13 BOOKS Reuter [LAGOS] Nigeria has produced some of the leading lights of African literature, but its publishing industry is in a state of near collapse. On one front, some of the country's top writers, such as Nobel prize winner Wole Soyinka and Chinua Achebe
      Reuter  -  771 words
    • Article
      Lock icon When life seems a mite too much
      741 13 HEALTH Got a cold that just doesn't seem to go away It may well be due to allergies NYT DO YOU suffer from a "cold" that seems to be hanging around for months the runny or stuffy nose, sneezing, postnasal drip, irritating cough
      NYT  -  741 words
    • Article, Illustration
      Lock icon Agassi's winning ways
      51 14 [MELBOURNE] Andre Agassi of the US smiles as he blasts a forehand return to compatriot Jim Courier in the quarter-finals of the Australian Open in Melbourne yesterday. Defending champion Agassi came from behind to defeat the former two-time Australian Open champion 6-7 (7/9), 2-6, 6-3, 6-4, &2.
      AFP  -  51 words
    • Article, Illustration
      Lock icon Daly and team outshoot the opposition
      446 14  -  JOHNNIE WALKERCLASSIC By] Eileen Chan JOHN Daly did not disappoint the crowd. The long-hitting American showed his stuff as he powered his way to take first place in the Johnnie Walker Classic Pro-Celebrity Shoot-out on Tuesday. Nine leading golfers Daly, Bernhard Langer, lan Woosnam,
      THE STRAITS TIMES  -  446 words
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      840 words
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      Page 14 Advertisements Column 2
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  • Page 14 Miscellaneous
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      Page 14 Miscellaneous Column 1
      180 14 'I'm WEATHER Stngaporee Showers over many areas in the afternoon and early evening. Temperature (22-31) idle HVLo* Goad. Bny* HVLo* Good. Aaata HVLo* fv-J 23/17 Showers Aadudii 02/-1 Cloudy AUanta 11/07 Baagkok 33/21 Cloudy Ataa 11/04 Shown Buemw Ares 28/18 lloudv Npag 02/-8 Cloudy Boil 01/4 Cloudy (tea*> oft-6 cioudv
      180 words
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      154 words
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      Page 15 Advertisements Column 2
      200 15 Well done, medium or rare. U.S. T-Bone Steaks you can really sink your teeth into. The Huhertus Grill U.S. T-Bones Steak Promotion at the ANA Hotel, perfect for lunch or if you prefer, after dark. A ANA HOTEL SINCAPORE 16 Nawini Ilill, Singapore *****7. Tel 732 1113/235 6560 I U
      200 words
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      Page 15 Advertisements Column 3
      186 15 rAFKFuSu The ultimate 'East Meets West' buffet in town includes tantalising goodies like Fresh Oysters on Ice, Pate and Terrine, Beef Ravioli, Masak Lodeh, Pulut Hitam and much more $25 Adult $17 Child below 10 Mondays to Thursday $27 Adult $18 Child below 10 Fridays to Sundays A Eve of
      186 words
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      Page 15 Advertisements Column 4
      203 15 SINGAPORE BUSINESS Housed at theflELC V UJj i(tj\ International Hotel, Pin Hsiang with a decade of aix l uet experience, takes pride in //fir) U providing you the most sumptuous d} J' feast enhanced by an elegant V yf < atmosphere all under one roof. Choose from a \\fvj 9-course
      203 words
  • Page 15 Miscellaneous
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      Page 15 Miscellaneous Column 1
      626 15 TV&BADIO fBMMPtIi SeU a Visio n MM Health Show. CM AMM.O.G. As Seen On 52 *12 PMM.O.G. As Seen On JJJ *52 4*oo Atom Mask 1.00 Primarama. P CM The Celebrities' Show. ?2 Yog^i'dear's Galaxy Goof- J£ Entertainment Egress. ups. 7.00 Spektra. COO Elvis Presley Film Festi- JJJ a Modern
      626 words
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      Page 15 Miscellaneous Column 2
      237 15 CRYPTIC CROSSWORD ACROSS 1 Note the girl in charge is exem--10 Love in a music-maker for im- ~l■J pressive headwear (7) ——JIB— 11 An old scientist's claims and j I I I j I I the confusion caused (9) 17 A cross on a church carpet (9) 19 Go over
      237 words
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      116 16 Johnnie I Classic I THE ONLY GOLF TOURNAMENT IN THE WO RI D W HIIR E T TJf "C CT> T7 f~" *T H A f~\ P O I I M r ,1 rr. 1 iA]v K > I I Asias firemier golfing event, the Johnnie Walker Lissic. tees off
      116 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Double-digit growth in profit to $1.5b expected
      570 17 j» 188 HSflar TAMO OH SINGAPORE TELECOM Steps being taken te control expenses which rose faster than revenue at the half-year [SINGAPORE] Singapore Telecom said yesterday it expected a net profit of about $1.5 billion in the current financial year ending March 31.
      570 words
    • Article
      Belgacom's cash-flow positive
      273 17 [SINGAPORE] Singapore-Te-lecom Ltd said yesterday it did not expect that there would be any need to pump more money into its recent investment in the Belgian state-owned telephone company Belgacom. "Belgacom is actually very strongly cash-flow positive," Singapore Telecom's president and chief executive officer Lee Hsien Yang
      273 words
    • Article, Illustration
      Bears and punters in two camps over Inchon trade package impact
      654 17  -  HOCK LOCK SIEW By S N Vasuki DESPITE looming economic uncertainties, punters on the Jakarta bourse have had a happy January. The benchmark Jakarta Composite Index has soared from 489 at the end of 1995 to around 569. Though
      654 words
    • Article
      Lock icon Telecom evaluating Yorkshire Cable stake
      385 17 JEN CHUA [SINGAPORE] Singapore Telecom said yesterday it was evaluating its 50 per cent stake in Britain's Yorkshire Cable Group. President and chief executive officer Lee Hsien Yang told Reuters the company had not made up its mind on the stake. He said the group
      JEN CHUA  -  385 words
    • Article
      Motorola suing Goldtron over pager design
      322 17  -  Goldtron to contest legal action against its two subsidiaries over Arpeggio pager By William Chia [SINGAPORE) Motorola Inc is suing Sesdaq-listed electronics company Goldtron Ltd for infringing one of the US telecommunication giant's pager designs. Goldtron said yesterday that two of its subsidiaries, Goldtron
      322 words
    • REGIONAL COMPANIES
      • Article
        All eyes on listing of Bakun
        505 19  -  Malaysia's largest issue, with Ms4b paid-up capital, may not come before June, say analysts From, Ruth Wang in Kuala Lumpur THE listing of Bakun Hydroelectric Corporation Sdn Bhd (BHC), set to be the largest issue on the Malaysian stock exchange, would ease the mega
        505 words
      • Article, Illustration
        Lock icon Tan Chong Motor share price surges
        288 19  -  By Ven Sreenivasan [SINGAPORE] Clob-traded Tan Chong Motor Holdings was among the most active stocks here yesterday after reports suggested that its earnings could get a significant boost from various property projects. The stock surged by some 12 per cent or 21 cents during
        Source: Bloomberg; BCRUZ  -  288 words
      • Article
        Lock icon China to start first foreign-invested lottery
        138 19 Reuter [HONGKONG] China aims to start its first foreign-invested nationwide lottery next month, officials of the lottery company said yesterday. The venture, Zhongcai Printing Co, is 43 per cent owned by China Welfare Lottery, part of the Ministry of Civil Affairs, 37 per cent
        Reuter  -  138 words
      • Article, Illustration
        Lock icon San Teh to invest $4m in four new joint ventures
        383 19 [SINGAPORE] Main boardlisted San Teh is investing about $4 million in four new joint ventures this year. It is also planning to apply for a Singapore or US listing for its Chinese cement subsidiary in 1998, company officials said yesterday.
        JEN CHUA  -  383 words
      • Article
        Lock icon Binariang plans IPO this year
        85 19 Bloomberg Business News [KUALA LUMPUR] Binariang Sdn, the company that launched Malaysia's first telecommunications satellite earlier this month, will sell shares in an initial public offering this year. "We can confirm that we are going for the IPO some time this year," said Alina Ibrahim,
        Bloomberg Business News  -  85 words
      • Article
        Sunright makes it to CPF trustee shares list
        204 19 [SINGAPORE] Semiconductor firm Sunright has made it to the Central Provident Fund Board's list of trustee shares. This means that the stock can now be bought under the board's Basic Investment Scheme and Enhanced Investment Scheme. The CPF also said yesterday that
        204 words
      • Article, Illustration
        Muda shareholders give nod to sale of UPP stake
        504 19  -  By Ven Sreenivasan (SINGAPORE) Shareholders of Muda Holdings have approved the sale of the group's 34.9 per cent stake in Singa-pore-listed United Pulp and Paper Co Ltd (UPP) to Branburgh Holdings. Branburgh is 70 per cent owned by Indonesian timber tycoon
        504 words
      • Article
        Indon firm Budi Acid in US$20m venture
        189 19 [SINGAPORE] Listed Indonesian tapioca company PT Budi Acid Jaya, in which the Government of Singapore Investment Corporation has a substantial stake, is venturing Into the manufacture of monosodium glutamate (MSG). Budi Acid announced yesterday it has entered into a US$2O million (Ss2B million)
        189 words
      • COMPANY Briefs
        • Article
          Sin Soon Huat can't explain trading surge
          46 19 [SINGAPORE] Sin Soon Huat Ltd said yesterday it was not aware of any circumstances that could lead to the substantial increase in its trading volume on Tuesday. It was responding to a stock exchange query on the same day.
          46 words
        • Article
          Guthrie buys Sikhot Holdings
          42 19 [SINGAPORE] Guthrie GTS said yesterday that its wholly-owned subsidiary, Guthrie Oyerseas Investments (HK) Ltd, had acquired two shares of HK$l each for cash in the capita] of Sikhot Holdings, which was formerly known as Bali Paradise Resort Ltd.
          42 words
        • Article
          Noel starts gift joint venture
          30 19 [SINGAPORE] Noel Gifts International has signed an agreement with a Wu Sze Yang to participate in a business venture to market promotional and premium gifts.
          30 words
        • Article
          Creative Tech appoints GM for US unit
          40 19 [SINGAPORE] Creative Technology has appointed Craig McHugh vice-president and general manager of Creative Labs Inc, its US subsidiary. Mr McHugh will be responsible for Creative's retail sales and manufacturing operations throughout the Americas.
          40 words
        • Article
          Pan-United Corp bags jobs worth $8m
          32 19 [SINGAPORE] Pan-United Corporation said yesterday that its subsidiary, Pan-United Shipyard Pte Ltd, had secured conversion Jobs worth about $8 million from British ship operator Canada Maritime.
          32 words
        • Article
          Transpac unit's HK listing approved
          56 19 [SINGAPORE] Transpac Industrial Holdings said yesterday that one of its in vestee companies, Tingyi (Cayman Islands) Holdings Corp, had obtained approval to list its shares in Hongkong. The instant noodle maker opened its offer in Hongkong on Tuesday. The offer comprises 811 million shares at
          56 words
        • Article
          Lock icon Thakral completes securities issue
          54 19 Reuter [SYDNEY] Hotel group Thakral Holdings said it has completed the A 537.8 million (5539.3 million) issue of 70 million Thakral Holdings Group (THG) stapled securities to a nominee of the Government of Singapore Investment Corp. Thakral said the funds raised will be used to repay
          Reuter  -  54 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Murdoch, Mitsubishi in TV tie-up
        504 20 Groups form alliance to make new decoders for standard TV sets to receive digital broadcasts AFP. IHT [LONDON] The furious race to establish digital television (DTV) as the next hot consumer electronics phenomenon quickened on Tuesday with the announcement of a powerful new partnership to
        AFP.; IHT  -  504 words
      • Article, Illustration
        Lock icon Net up 55% but TI still disappoints
        472 20 Entire chip industry will face slowdown: Texas Instruments NYT [DALLAS] Texas Instruments reported disappointing earnings on Tuesday, and then compounded the letdown by forecasting that the entire computer chip industry would face slower growth and sagging prices. Several analysts who were already chopping
        NYT; Source: Bloomberg; ALLAN  -  472 words
      • Article
        Lock icon Firms agree on memory card standard
        134 20 Reuter [TOKYO] Thirteen electronics firms from Japan, the US and Europe announced yesterday an agreement to promote a new standard for a memory card to be used in a digital camera and other digitalised portable electronics. The firms include Fujitsu Ltd and Sharp Corp
        Reuter  -  134 words
      • Article
        Lock icon Apple may be holding out for higher bid: analysts
        301 20 Reuter [CUPERTINO, California] Apple Computer Inc chief executive Michael Spindler may have been holding out for a higher bid from Sun Microsystems Inc when he said the company was not for sale, some industry analysts said. Mr Spindler told reporters after
        Reuter  -  301 words
      • Article, Illustration
        Lock icon Revival of Beetlemania?
        72 20 [LONDON] A Christie's expert holding Hitler's dream car which will revive Beetlemania when it goes on the block next month during the auction house's sale of Transport and Memorabilia Models. The perfect scale model of one of the world's most popular cars is expected to sellfor over
        AFP  -  72 words
      • Article
        Lock icon Digital beats analysts with eight-fold jump in 2Q earnings
        454 20 Firm cites strong sales across business lines, especially PCs Reuter [MAYNARD, Massachusetts] Digital Equipment Corp said on Tuesday its earnings rose nearly eight-fold in the second quarter, surpassing expectations on Wall Street and sparking a rally in its stock. Digital, the
        Reuter  -  454 words
      • Article
        Lock icon Wells Fargo, First Interstate to merge
        272 20 Bloomberg Business News Reuter, [SAN FRANCISCO] Wells Fargo Co and First Interstate Bancorp said yesterday that they have agreed on a US$ll.6 billion (5516.5 billion) merger, the largest bank combination ever in the US. First Interstate said it terminated its Nov 5 merger agreement
        Bloomberg Business News; Reuter,  -  272 words
      • COMPANY Briefs
        • Article
          Lock icon Olivetti sees larger-than-expected loss
          46 20 Bloomberg Business News [MILAN] Olivetti SpA, Europe's biggest computer company, said it foresees a larger-than-expected kits Of 156 trillion lira <Ssl.4 billion) for 1666 because of restructuring costs. Restructuring costs were 150 billion lira more than expected, at 1.05 trillion.—Bloomberg Business Nun
          Bloomberg Business News  -  46 words
        • Article
          Lock icon Human error blamed for sour Vitasey
          32 20 Reuter [HONGKONG] Swedish hygiene expert Irene von Boc idemann yesterday blamed human error ft* 1 Vltaeoy International Holdings' sour-tasting drinks, which sparked a huge product recall—Reuter
          Reuter  -  32 words
        • Article
          Lock icon Acer reports 77% rise in revenues
          71 20 AFP [TAIPEI] Taiwan's computer giant Acer Group said yesterday its revenues in 1996 soared 77 per cent to US$5.7 billion (SsB billion) compared with US$3.2 billion recorded in the preceding year. It said in a statement that the group netted more than US$l.9 billion
          AFP  -  71 words
        • Article
          Lock icon Robert Fleming sets warrants on Swire
          48 20 Reuter [HONGKONG] Robert Fleming Co Ltd is launching American-style call warrants on shares of Swire Pacific Ltd at HK$l.7B per warrant, an official at its Hongkong joint venture Jardine Fleming said yesterday. The official said the issue site was 66 million warrants.—Ratter
          Reuter  -  48 words
        • Article
          Lock icon Dow Jones world index to include Taiwan
          33 20 Reuter [TAIPEI] The Dow Jones World Stock Index will include Tai wan's stock index by the end of February, the Taiwan Stock Exchange said yesterday. —Reuter
          Reuter  -  33 words
        • Article
          Lock icon Hitachi ropes in former Apple executive
          57 20 Bloomberg Business News [TOKYO] Hitachi Ltd has selected a former executive of Apple Computer Inc to head its new US personal computer 1 operations. David Hancock will be the first president of Hitachi PC Corp (USA), which was set up last November to lead
          Bloomberg Business News  -  57 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Amex accuses Visa of bid to limit rivals
        412 21 Banks issuing Visa cards told to stop offering competitor cards, says complaint to EU FT [NEW YORK] Two of the world's leading credit card issuers went into battle on Tuesday after American Express accused Visa International of attempting to stop banks that
        FT  -  412 words
      • Article, Illustration
        Lock icon Fighting the squeeze
        72 21 [DUISBURG, Germany] Thyssen Stahl steel manufacturing workers show what they think of the German government's austerity plans and the proposal to cut social welfare benefits as they try to squeeze colleagues wearing masks of Chancellor Helmut Kohl (left) and Employment Minister Norbert Bluem into rubbish bins during
        AFP  -  72 words
      • Article
        Top HSBC exec appointed treasurer
        125 21 [HONGKONG] The Hongkong and Shanghai Banking Corporation has appointed one of its top executives, Stuart Gulliver, as the bank's treasurer in an effort to streamline its treasury and debt capital markets business. Mr Gulliver, who was named head of treasury and capital markets for HSBC
        125 words
      • SMALL Change
        • Article
          Lock icon Westpac's new focus
          71 21 Reuter [SYDNEY] Three years after posting a huge loss, Australia's Westpac Banking Corp yesterday announced a new focus on customer services in Australia and New Zealand but stayed quiet on plans for Asia. The bank, which reported Australia's largest ever corporate toss of Asl.6 billion in 1992,
          Reuter  -  71 words
        • Article
          Lock icon HK mortgage lending up 1.4%
          59 21 Bloomberg Business News [HONGKONG] Banks tone made HK5272.7 billion (S$SO billion) in residential mortgage loans in December, a 1.4 per cent increase over November. The rise is higher than the 1.2 per cent average rate of growth over the preceding 12 months, the Hongkong Monetary
          Bloomberg Business News  -  59 words
        • Article
          Lock icon China bank to issue samurai bonds
          52 21 Bloomberg Business News [BEIJING] China's State Development Bank will sell US$3OO million (***** million) in Japanese samurai bonds in February, the official China Daily said yesterday. The money raised will be used to support the second phase of the Daya Bay Nuclear Power Station
          Bloomberg Business News  -  52 words
        • Article
          Lock icon Cox Insurance chairman quits
          49 21 Bloomberg Business News [LONDON] Cox Insurance Holdings pic, an underwriting and management company which operates in the Lloyd's of London insurance market, said its chairman Lord Marshall has resigned due to ill health. Duncan Clegg, currently deputy chairman, takes over as non-executive chairman.—Bloomberg Business News
          Bloomberg Business News  -  49 words
        • Article
          Lock icon Manila urged to float yen bonds
          64 21 Reuter [MANILA] Two Japanese securities firms have urged the Philippines to issue yen-denominated bonds in the Japanese market after it got an investment grade rating from the Japan Credit Rating Agency Ltd. A finance official yesterday said Daiwa Securities and Kokusai Securities sent letters
          Reuter  -  64 words
      • Article
        Lock icon Two Merrill Lynch economists lose their jobs
        308 21 Bloomberg Business News [HONGKONG] Merrill Lynch Co on Tuesday dismissed two senior economists, one of whom had been with Smith New Court when Merrill bought the brokerage firm last year, sources in the firm said. Merrill's chief Asia-Pacific economist Sanjoy Chowdhury and Geoffrey
        Bloomberg Business News  -  308 words
      • Article
        Booming Viet oil industry's exports top US$1b
        416 21  -  By] Harish Mehta (SINGAPORE) It's boom-time for Vietnam's oil industry, which last year exported crude oil worth US$l.O4 billion (551.47 billion) and attracted US$l.5 billion in investments from foreign firms keen on oil exploration. PetroVietnam general director Ho Si Thoang said Vietnam produced
        416 words
      • Article
        Lock icon Huge merger costs to weigh on superbank
        427 21 Tokyo-Mitsubishi to see benefits only in long ran: analysts Reuter [TOKYO] The planned merger of two Japanese banks in April will create the world's biggest bank with assets exceeding 72 trillion yen (Ss9sB billion), but analysts say that it may be some time
        Reuter  -  427 words
      • Article
        Lock icon Thailand set to export oil products from July
        321 21 ENERGY REPORT Reuter [SINGAPORE] Thailand, whose booming economy has long needed ample imports of refined oil products, plans to join the ranks of Asian exporters in mid-1996 with output from two new refineries, sources said yesterday. "Thailand is expected to start its
        Reuter  -  321 words
      • Article
        Lock icon CURRENCY REPORT
        170 21 Reuter London The dollar slipped back to the middle of its range after weak-er-than-expected US industrial data combined with a bout of profit-taking to drive the dollar lower, dealers said. Chris Tinker, analyst at Standard Chartered, said the weakness displayed in the dollar was not specifically to dP
        Reuter  -  170 words
      • Article, Illustration
        Untitled
        1200 21 DtTHKBAMK CUMBWCT EATB8 M'fclt H AfMHttlSS «|MS$ taMW$ Carrand* tW Offac H4 Qffrr Crrnttes OM Off* OM Oflar franco franc 20.0240 m«h 5 0675 cmk Loeoldotlmra to ame uMt of foreign nrnne*. Han#an« 4a«ar *.37 HJI 7.7325 7.7335 AvstraOan Mar ***** 1.0441 0.7340 0.7345 Montsia rvpiafe 0.0420 0.0421 2,290,000 2.290.500
        1,200 words
    • COMMODITIES & FUTURES
      • Article
        COMMODITY Reports
        906 22 [KOALA LUMPUR] Tin price on the Kuala LUiffflur Tin Market rose seven sen to M115J5 per kg following heavy buying support and short-covering activities. Ob the London Metal Exchange, three month metal closed US$5O higher and this aided market sentiment. The hlflMr dosing on other base metals on
        906 words
      • Article
        Lock icon SIMEX Report
        810 22 Reuter [SINGAPORE! Slmex Euroyen futures ended lower yesterday, dented by technical selling linked to the weaker yen against the US dollar. Both Euroyen and Japanese government bond (JGB) futures were also hurt by strong Tokyo stocks. The Nikkei Average gained 1.15 per cent to 20,312.74 at the close.
        Reuter  -  810 words
      • Knight-Ridder Commodity Summary
        • Article
          China to cut tariffs on copper wire bars
          84 22 [HONGKONG] China has announced that it will cut import tariff* on copper win bar* to 3 per cent from the current 5 par cent as of April 1, China's official Inttnmtionai Business newspaper lepoctad yesterday. But import tariffs on copper cathodes and
          84 words
        • Article
          NY nearby sugar's premium widens
          83 22 [NIWYORK] The backwardation in the New Tark raw sugar futures market widened considerably recently amid concerns about available supplies for March and May contracts and steady trade house buyinc of the nearby ipi saill, traders said. March settled yesterday at a 61-point premium to May.
          83 words
        • Article
          Thai group to buy stake in Aussie miner
          80 22 [SYDNEY] Zinc smelter operator Padaeng Industry of Thailand will acquire a 20 per cent interest in Australian miner Western Metals Ltd for about As 26 million (Ss27 million), Western Metals said yesterday. The capital will be used to develop the Blendvale zinc
          80 words
        • Article
          Thailand buys US corn,soymeal
          107 22 [HONGKONG] Thailand this week bought a 50,000-tonne combination cargo of US corn and soymeal for Feb-March shipment, traders said. The combination cargo contains 30,000 tonnes of com and 20,000 tonnes of soymeal, a trader in Hongkong said. The trader estimated Thailand's demand for soymeal will be
          107 words
        • Article
          LME lead premiums up almost 100%
          76 22 [LONDON] LME warrants for Rotterdam-warehoused lead have increased to a premium of between US$35 (Ssso) and US$4O over LME cash metal in the past week, up from around US$2O earlier in the month. The dramatic rise was driven by an ongoing short-supply of lead.
          76 words
    • Article
      COMMODITY PRICES
      829 22 faomiwnm janu < ''x* ctfgp i YMMMI 0p4t r S?: MM* SB JjS SS 400 55 IMIS MtS So.25 m? «S t» ,y 4 v'*6» frS M»g Swfe JM.50 IMM 2t«0 MM k, f +t x ''2 V* < 1 11 ny 8fiS §S 8S 20 m SlflB
      829 words
    • Article
      REGIONAL STOCK MARKETS
      4524 23 aiHir SHARE prices closed higher on fUtures-led gains In late trading as concerns over further near-term declines receded, brokers said. The Nikkei Average closed up 231.82 points at 20,312.74, its high for the day, after a low of 19,964. The Topix Index closed up 9.53 at 1,573.63,
      4,524 words
    • Article
      WORLD STOCK MARKETS
      1561 23 Hi** SNR SHARES closed at a record peak, buoyed by a rise on Wall Street. The FTSE 100 Index closed 23.2 points up at 3,758.2. The previous record close 0f3,754.2 was made on Monday. Turnover was 2.4 million shares. But traders said the market remains wary about
      1,561 words
    • Article, Illustration
      Lock icon HONGKONG
      2568 24 Bloomberg Business News *199 SHARE prices closed slightly higher as the index met strong i resistance at the 11,000 level. The Hang Seng Index closed up 2.99 points at 10,960.21. Turnover was HKS6.BS billion. A dealer said: "The market $ad been up and down all day trying to make
      Bloomberg Business News; ALLAN  -  2,568 words
    • Article, Illustration
      Lock icon CHINA
      682 24 Reuter n Shanghai B Shire Index -(106 SHANGHAI B Share Index ended lower yesterday on profit-taking and late liquidation as the index failed to break through the key 53-point resistance level. The index fell 0.06 point to 52.59 on volume of 7.9 million shares worth US$3.2 million. "It is
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  682 words
    • Article, Illustration
      Lock icon BANGKOK
      1217 24 Bloomberg Busines News P SET Intel -1057 STOCKS fell, led by Thai Airways International and Siam Commercial Bank, as investors reassessed recent gains in view of earnings reports. Siam Commercial Bank plunged 3 per cent. The bank was the first publicly traded company to report fourth-quar-ter results. Thai Airways
      Bloomberg Busines News; ALLAN  -  1,217 words
    • Article, Illustration
      Lock icon JAKARTA
      1032 24 Bloomberg Business News £j Composite Index -134 STOCKS fell for the first time in four days, led by Barito Pacific Timber and jvood-based companies, after the postponement of an announcement of a deregulation package that is expected to help the industry. "I don't know what we are going to
      Bloomberg Business News; BCRUZ  -  1,032 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Shares fall amid talk of higher interest rates
        6419 25 KOALA IMMSfWLßeports Bloomberg Business News PCompmit»M«i -10J6 STOCKS fell on concern a widening trade deficit will weaken the currency and force the central bank to raise interest rates. "There's talk of interest rates going up again," said a fund manager. "The ringgit
        Bloomberg Business News; ALLAN  -  6,419 words
    • WARRANTS & OPTIONS
    • Article
      CLOB INTERNATIONAL
      1936 26 Or Or WW L»«* 4 V« On LMt Owata Ml M n IM MClf H0» L— Otna Caanpany fOPO) L— B»yar CVf M >«4I *5 S 1000 MSB 50c MO 40 990 570 575 5(0 10 1* 02 R24 5*4.0 at 70.5 5001 AMOflSOc K* -I MI M
      1,936 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1467 27 TUtttOVtl 0000) VALUE COOO) m«i» em mh, c» T»m Motrin *9,754 M.J75 '25,729 202.099 113.760 M.IM nrnm 7,976 13,574 21.550 43,741 27,043 90.7*3 ttatek 1209 Utt 3.901 5,633 2.850 MU Fujwtlee 9,960 51,641 51.801 43.747 ***** 12U73 PtanUttan 4,341 4J41 11,650 11.650 MM* 4,555 4,555 «)28 18.328 8LW 14,381 17,937
        1,467 words
      • Article
        MAIN BOARD
        4302 27 199S/96 La«t W 0«Y La*t Oueta Mi' OK n Ntt CM An l— i«n» ciDi»r 8«i» rooo) wg> lw 8«rar »««> cw p/i Prtca ■MKIMAII 214 176 1258 AcarSOc US202 unch 255 203 200 200 202 116 134.4 494 318* m t 1000 Acrrva 50c 488 *4 175
        4,302 words
      • Article
        SESDAQ
        805 27 Or Or M Wt L** y«t Day LmtOm* Mv w* vm km c«* Av* c—>T >* rOBO> W|t U» M> Cw >/| Mo 322 40 2000 ASRHWgsSc 237 -5 18S 242 236 23« 237 18.0 6.9 0.4 515 104 8 252 280 SO 2001 AMmatriiSOc 216 until 2 218
        805 words
      • Article, Illustration
        Lock icon HOT STOCK
        63 28  -  by Paul Leo JEN CHUA KEPPEL Integrated Engineering's 33-cent gain over two days to $2.01 yesterday has pushed it into the overbought region. Normally, that means taking some profit but in this case, the upside potential is still there. Momentum indicators are still bullish and the Average Directional
        JEN CHUA  -  63 words
      • Article
        Untitled
        224 28 Stocij Volume •Metroplex 50c 20,814,000 •Sri Hartamas 18.350,000 •Promt! 14.538,000 •Tan Chonq 50c 10,332.000 UIC 8,528.000 •Idris Hy<f 50c 6,700,000 Amco<2Sc 5,765,000 WCWt98 4.591.000 •GoMm Phis H 4,398,000 •M Resources 4.233.000 Stacks •Sri Hartamas 31,134,030 •Metroplex 50c 27,366.020 Amcoi 25c 25.169,772 •Promet 24,030,360 •Tan Chonq 50c 18,721,020 FELS50C 18,312,050 •Gotten
        224 words
      • Article, Illustration
        KL deficit fears to blame for OTC sell orders
        646 28  -  STOCK MARKET COMMENTARY Anwar's assurance fails to stem selling S'pore stocks, meanwhile, hit by more profit-taking By Paul Leo [SINGAPORE] Malaysian over-the-counter shares continued to command the market's attention yesterday but this time, the mood was bearish. Investors started the day
        646 words
      • ON THE GRAPEVINE
        • Article
          Taking a Chinese joke seriously
          126 28 CHINESE officials seldom crack jokes in public and when they do, the media talc** them far too seriously. We hear that all the recent excitement about the Jardine group shifting its secondary listings from Singapore back to Hongkong resulted from a jovial aside by Lu
          126 words
        • Article, Illustration
          Tibs' chairman a good material
          67 28 TIBS Holdings' new chairman, Lee Han Yang, has to be Singapore's most exemplary motorist. The company sent out an amendment to an earlier announcement which said that "he had no conviction within the past 10 years of any offence other than traffic offence...". The words
          67 words
        • Article
          A LLLove story
          90 28 INDONESIAN bankers are a nervous lot these days. Their biggest concern is something called LLL. Last Friday, central bank governor Sudradjad Djiwandono warned that he would propose tough measures if commercial banks violated the legal lending limits (LLL for short). But wags in Jakarta say that LLL
          90 words
        • Article
          Bar wars
          148 28 HONGKONG consumers have never had it that good. First, it was the price war which broke out among the Chinese-language newspapers with many dailies cutting cover prices by as much as 80 per cent Now, a price war is said to have also broken out in the world
          148 words
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      Page 17 Advertisements Column 1
      118 17 Accounting softwares, Instant or Otherwise, cover a very tiny segment of your Business and give you only presentations of what happened in the past With Fl-IDEA a Business Software you can now Manage for a better Future. F1 -IDEA covers a much wider spectrum of activities than even the best
      118 words
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      Page 17 Advertisements Column 2
      51 17 Wine Dine at Key Largo and we'll send you packing! Come on down by the river. You could be the next lucky winner! Seafood Restaurant Oyster Bar #01-08, Traders' Market, Clarke Quay Tel: *****55 Fax: *****27 \J^kykth 24 Mount Elizabeth Singapore *****8 Tel: *****88 Fax *****66 A Muntil »/Far £uf
      51 words
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      Page 18 Advertisements Column 1
      187 18 Introducing the Morgan Stanley Asian Growth Fund Minimum Subscription: Ssloo,ooo All front-end loads will be waived before February 15,1996. The Morgan Stanley Asian Growth Fund will be I managed by Morgan Stanley Asset Management I Singapore Ltd. I The Fund seeks long-term capital appreciation I through investment in the stock
      187 words
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      Page 19 Advertisements Column 1
      44 19 In a world of change, isn t it nice to know that some things stay the same. Lib e our dedication to customer service. .LMlMiiafclillllililMMi the ORIENTAL SINGAPORE SM Oriental, Singapore, 5 Raffles Avenue, Marina Square. Singapore *****7. Telephone: (65) *****66. Facsimile: (65) *****37
      44 words
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      Page 20 Advertisements Column 1
      206 20 guarantees absolute protection. B$ If the safety of your records and documents are disrupting your peace of mind, then set your mind at peace with Fire King the ultimate in filing performance offering 25% mora storage space for its range of cabinets. j I Available in a range of sizes,
      206 words
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      Page 23 Advertisements Column 1
      85 23 ARE THE BULLS BACK I The Busines Times, 1 Find out by reading The Business Times daily. Occupation: Tlx/Fax*: i 12mon<he Iwanttombicribetaf month* at S$ j V Business Times J at S$ 265.20. endoM S$ cheque/money order KW»#i [avian c USS bank (toft dra«#i on o Singapore bank Please charge
      85 words
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      28 25 Advertising Your Notice To Shippors? Place your ad in the §HJPPJNGTIMES vivian Game over! What's next? Call Sports News on 1900-912-0012, at 30 cents a minute. H I
      28 words
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      354 28 NOTICE NOTICE IS HEREBY GIVEN that, I LEE CHIN TENG of Blk 870 Woodlands Street 81, #03-302 Singapore *****0, have applied for a 2nd Class Public House Licence in respect of M/s Swensen's located at 200 Victoria Street, #01-68 Parco Bugis Junction Singapore *****1, and that this application will be
      354 words
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      Page 28 Advertisements Column 2
      349 28 S TIMES •101-L NOTICE NOTICE IS HEREBY GIVEN that, I CHEOK GEK LIM of 19 Lorong 110 Changi Road Singapore *****4, have applied for a Retail Liquor Shop Licence in respect of M/s SHENGKANG TRADING located at Blk 335 Hougang Ave 7 #01-359 Singapore *****5, and that this application will
      349 words
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      Page 28 Advertisements Column 3
      487 28 IN THE MATTER OF THE COMPANIES ACT. CHAPTER M AND IN THE MATTER OF JACKSON PETROI.GAS PTE LTD (IN VOLUNTARY LIQUIDATION) MEMBERS' VOLUNTARY WINDING-UP At an Extra-ordinary General Meeting of the Members of the abovenamed Company, duly convened and held at 117/119 Kaliang Way 2 Singapore 3491 4)0n 23rd January
      487 words
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      Page 28 Advertisements Column 4
      92 28 Singapore Closing Share Prices 24/01/1996 CLOSE PREV LOW HIGH tflVf* uss uss uss uss Jardine Matheson 8.30 8.35 8.25 8.35 FBSSSm Strategic 3.42 3.48 3.42 3.44 iTOaf J Dairy Farm 1.02 1.02 1.02 1.04 Hof H)lcong Land 2.19 2.24 2.18 2.21 Mandarin Oriental 1.28 1.27 1.27 1.30 mfcIUMH Jardine Strategic
      92 words
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      Page 28 Advertisements Column 5
      28 28 For stories, K Vi A Quizzes songs^ X wm call Children's l k# \,O Funland on U9OO-910-0001, A o** 0% at 30 cents X J* ty a minute.
      28 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      307 29 Knight-Ridder, Reuter KEY dry cargo freight rates reported in Atlantic trades fell farther on Tuesday but the Baltic Freight Index possibly disguised the true weakness by only falling three points to 1,532, broking sources said. The Biffex fell further, bounced slightly off the lows, but was still 11-40
      Knight-Ridder,; Reuter  -  307 words
    • Article
      MARITIME STOCKS
      315 29 to too U HI CWT Distribution 1.69 undl 75 Chuan Hup Holdings. 1.26 unch 146 Cosco Inyastmont 196 -0.01 69 FELS 7 JO *0.40 2558 Frataht Links 0.91 -0.01 209 CB Holdings US *0.02 447 Hal Sun Hup Group —1.00 -001 1616 Hitachi Zom«i 1.12 unch ISO IMCHoMngs
      315 words
    • Article
      Japan's Techno-Superliner gets government funding
      384 29  -  Modest 84m yen budget surprising victory for small, fastcargo ship Prorn Bruce Rutledge in Tokyo DESPITE whispers that Japan's much ballyhooed Tech-no-Superliner project would be left in the hands of the private sector beginning fiscal 19%, the Ministry of Transport scored a surprising victory in
      384 words
    • Article
      Lock icon Hindustan Shipyard eyes Asian market
      295 29 Reuter [VISHAKHAPATNAM, India] One of South Asia's largest shipbuUding firm, Hindustan Shipyard Ltd (HSL), has pulled back from the brink of closure only three years ago and plans to be a strong player in Asia's maritime industry, its chairman says. Today, the sprawling complex of
      Reuter  -  295 words
    • Article, Illustration
      Lock icon What it takes to stay ahead in the salvage industry
      603 29  -  SHIPSHAPE By Yong Mei Fong MENTION Smit International and immediately the high sea drama of salvaging a ship in distress comes to mind. "That is because this aspect tends to be the most interesting part of our company as it
      CHRIS LOH  -  603 words
    • Article
      Pan-United wins $8m conversion contracts
      254 29  -  Yard to strengthen two ships from Canada Maritime By: Rahita Elias [SINGAPORE] Pan-United Shipyard, a member of listed Pan-United Corp, has secured two conversion jobs worth a total of $8 million from a British ship operator. In a statement issued yesterday, the company said it
      254 words
    • Article
      Lock icon Carnival to buy stake in Airtours
      110 29 Bloomberg Business News [MIAMI] Carnival Corp, the world's largest cruise ship operator, is in talks with Airtours pic to acquire as much as US$226 million (*****.9 million) of the British package tour operator's shares, positioning itself to exploit the developing European cruise line market.
      Bloomberg Business News  -  110 words
    • PORT Shots
      • Article
        Yokohama is Japan's busiest port
        68 29 [LONDON] Yokohama was Japan's busiest container port from January to September 1986. Box traffic at Yokohama increased by 32 per cent to 2.06 million TEUs (20-ft equivalent units). Tokyo peat ranked second with 1.338 million TEUs. Yokohama handled much of Kobe's normal throughput Kobe's throughput
        68 words
      • Article
        Lock icon Tanker for P&O launched in China
        93 29 Reuter [SHANGHAI] The first of four petroleum tankers to be built for P4O in China was launched on Tuesday at the Qiu Xin shipyard in Shanghai, a shipyard official said. A P&O spokesman said the 3,700-tonne Quarterman, was the first Chinese-built ship to be
        Reuter  -  93 words
      • Article
        Lock icon Indon govt plans to salvage sunken ferry
        62 29 Reuter [JAKARTA] Indonesia yesterday said it planned to salvage the Qurtta which sank off northern Sumatra last week in an effort to find passengers still listed as missing. "We plan to salvage the sunken ferry to search for the victims (and) days after
        Reuter  -  62 words
    • Article, Illustration
      Lock icon Heading into choppy waters
      948 30  -  SHIPBUILDING IN EUROPE: KOREAN COMPETITION POSES THREAT Order books are strong but yards worry that Asian competitors, particularly South Korea, are building new yards at a pace far exceeding the expected growth in demand for new vessels David Crossland Reuter EUROPE'S shipbuilders are awash with orders
      Reuter  -  948 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      306 30 PACC EtMofian 6 ACL 11 Ewrtt 12 AMI 3 Evergreen 6 AMe 7 F4mo Accord 12 ta»«Sw 12 Ahrenkiel 4 ffoti 12 Appensftip 4 FrtWorW 12 Astro 10 C Link Express 4 Austral 11 Gatewest 12 Ayant 6 Cemartrans 13 ISA n fiwfw
      306 words
    • Article
      SHIPPING GUIDE
      14583 36 ETA ETA Advertiser vmm* Voyage pq ETA ETA Advertiser Vessel Voyage Pg Sl t Dest'n Name Name No. No. SIN Dest'n Name Name No. No. A 10/01 27/02 Speeda PUERTO CORTES PR601S 10 30/01 21/02 Unlglory UNI VALUE 0IU-0UW Abidjan 31/01 24/02 csav iwashiro ooss 3 05/02 n/03
      14,583 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        622 43 v w 1 Voy No Btrth Arrival jgirtw <W Eajar Bam 2/96 Jl alongside 25.01/1500 (IT) Hainan Jaya I 1/96 Jl alongside 25.01/1600 (•D M Mas 6T6 57 2/96 Jl alcxxjSKJa 25.01/0915 (IT) *6-2596 02/96 Jl alongside 25.01/1900 (U) Soriati HI 6/96 Jl alongside 25.01/0600 (V) Swya 1/96
        622 words
      • Article
        CONTAINER SCHEDULES
        1739 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Bookinq/Bolonco Rstts Stilp Voy Mo Etb/Btr Nrtod Frooi To From Act Onm OOM 2*/2399 U 2V1500 24/1459 24/1900 WBN MMM MM U 24/1700 25/065* 25/0*00 n 24/1'X 25/0*5* 25/0*00 3 25/0700 25/1151 25/1400 4 25/1200 25/145* 25/1700 ta 075* 27/1500
        1,739 words
      • Article
        COCKETT BUNKER MARKET REPORT
        847 43 THIS report, compiled by Cock ett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and the
        847 words
      • Article
        GLOBAL HOLIDAY
        556 43 JAM as Nepal: Market holiday, Basanta Panchami. JAN as Australia: Market and Public holiday, Australia Day. Uganda: Market and Public holiday, National Resistance Movement/Army Day. JAN 30 Nepal: Market and Public holiday, Martyrs' Day. FEB 1 Malaysia: Partly Market and Public holiday, Federal Territory Day (Kuala Lumpur and
        556 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Slowdown in global jet sales won't affect Asian Aerospace
        430 44  -  This year's show, from Feb 6-11, will have 820 main exhibitors By: Kevin Sullivan [SINGAPORE] Asian Aerospace '96 will not be affected by a contraction in global airline business, organisers said yesterday. The air show, to be held from Feb 6
        430 words
      • Article
        Lock icon Lockheed Martin's 4th-qtr net profit up 15%
        340 44 Bloomberg Business News [BETHESDA, Maryland] Lockheed Martin Corp's fourth-quarter net income rose 15 per cent as increased sales of space and building materials and continued costcutting offset lower military sales. The world's largest aerospace company's net income rose to U*****.7 million, or US$l.56
        Bloomberg Business News  -  340 words
      • Article, Illustration
        UPS' daily volume rose 16% last year
        293 44  -  Strong growth due to launch of new services By\ Rahita Elias [SINGAPORE] United Parcel Service (UPS) handled a daily volume of 1.53 million express packages and documents last year up 16 per cent over the previous year's volume. Regional vice-president for Asia-Pacific Charles
        293 words
      • Article
        Lock icon Halla to build Thai car air-conditioner plant
        129 44 Reuter [SEOUL] HaUa Climate Control Corp of South Korea said yesterday the company and Ford Motor Co will build a US$25 million (5535.5 million) joint venture car air-condi-tioner plant in Thailand. The companies submitted an investment plan to the Thai government yesterday for
        Reuter  -  129 words
      • Article
        Lock icon New facilities a boost for Newark airport
        212 44 NYT (NEWARK, New Jersey] Newark International Airport formally opened a sprawling, US$l2O million (*****.4 million) international arrivals hall yesterday, a move that aviation experts say positions Newark to become the region's busiest airport. The light-filled addition to Terminal B is designed to double
        NYT  -  212 words
      • Article, Illustration
        Lock icon Fokker gets court protection
        343 44 It has 4 weeks to reorganise, seek potential partners Reuter [AMSTERDAM] Dutch planemaker Fokker NV on Tuesday won court protection from creditors at its three aircraft building units, winning vital time to reorganise and seek potential partners. The future of the 76-year-old company had been in
        Reuter; REUTER  -  343 words
      • Article
        Lock icon Eva Airways cancels next month's maiden flight to Hongkong
        235 44 UPI [TAIPEI] Taiwan's Eva Airways cancelled plans on Tuesday for its maiden flight to Hongkong, originally scheduled for next month, because Beijing has yet to approve a key air links agreement. Taiwanese civil aviation authorities would not comment directly on reports
        UPI  -  235 words
      • LOG Book
        • Article
          EVA Air gets UK award
          79 44 [SINGAPORE] United Kingdom's Royal Mall has presented Taiwanese carrier EVA Air the "First Class Supplier" award, in recognition of the carrier's services. EVA started letter and parcel services between the UK and Sydney in 1994. Cargo volumes have since increased from an average of 13
          79 words
        • Article
          Lock icon CNAC drops plan for Dragonair stake
          85 44 Bloomberg Business News [HONGKONG] China National Aviation Corp (Hongkong) Ltd, a China-backed company setting up an airline in Hongkong, has given up its plan to buy a stake in the privately held airline Dragonair, the Chinese-language Sing Too Daily reported, citing unnamed sources. CNAC
          Bloomberg Business News  -  85 words
        • Article
          Lock icon HK airport project on schedule
          88 44 AFP [HONGKONG] Hongkong's new airport project is on schedule to meet the target opening date of April 1996, a year after China's takeover of the territory, a government official said yesterday. Gordon Siu, secretary for economic services, told legislators: "Construction works are progressing on schedule
          AFP  -  88 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1544 44 CITY FLIGHT ETA FUCHT ETD S0171 1450 YK740 1410 AbuOtabi S0441 1550 WI743 1925 AdtlaMa Of 11 1930 Of82 2050 Ho* Km* UA805 0105 UA806 0815 $0228 2045 S0001 1140 CX710 0840 —GA903 1210 ***** 0915 Amtardaa HJ43 0545 KL838 2335 CX717 1235 S0862 1315 S0/DL25
        1,544 words
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      1154 30 Wia nia ms 14 p* 1 Q* I*t msa ;*o7 nLru WMff OOA>T JI j am* tua m/oi oi/wu/w nmfSjm nm mm nm n/n" tvn mm TauSc tii* 570T u/m L/n m/oiT nM W»Tj m7m~ i -RET 1 MlilUi I ft "W n if# WW -JL-JI www m vm mm
      1,154 words
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      Page 30 Advertisements Column 2
      221 30 Unas A services represented (insM\\ M#mb f R *o*»»v <* \\p3J Accredited Shipping Agents, Sfeore National Shipping Assoc sa s* s "w3 2S>c &J^WGT^sOMjg® Just talk to us... Iris Lim 740-2044 Patricia Chew 740-1645 Jarrod Leong 740-2089 Philip Koh 740-2382 ißsmmmmk' I SEA DREAM 2BAM RdnVAtwAJK/Nantes I I GTSSUNRBE 28AM
      221 words
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      Page 30 Advertisements Column 3
      7 30 Members ot the Singapore Freight Forwarders Association
      7 words
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      1118 31 PAOfK SOUTH WIST EXPKISS (PWKQ rasa vor I na lawn* Ismo luu pm. I hhbw I ot I wrc I ajl 1 hou I wot 1 1 AWTHHUM) OQg |w/»l 131/01 [31/11 1»/M »/W 71/81 1 21/82 H/M 1 21/92 O/W I 23/81 O/W yi«om oo« 05/w oz/b «/w n/te
      1,118 words
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      Page 31 Advertisements Column 2
      1622 31 (g) HANJIN SHIPPING I USA CAMAAA I« 1 W I wc |«k| qi <m TV. I m Iym Irw Inc 1 11/W I K/W M/W X/W a/a 24/01 7S/U 24/01 a/a 25/01 a/a a/a a/a 27/02 27/01 a/a a/a 7 1 1 W/M W/M M n/bb a/a o«/o3 m/u m/
      1,622 words
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      Page 31 Advertisements Column 3
      324 31 EXPORT 3 x Japan •2 x Hongkong -1 x Mania •1 x Kooahiunfl, K—lung tAcMpUng FCt Id MQC/NAHA/SENDAI/CEIU/LCH) |Ml MNt HK6 KA6 KB TW VflM Ml Md 6 6ik Hfr Ml ARB m—2III!!—ZUIZ 2UL JUI Mil mm MJI in ajm MM q< f (Bt —tisi—syi: —itti: jsil jm *w »;m
      324 words
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      Page 32 Advertisements Column 1
      1333 32 KSSa VOY HAM MAM ANT WA SK* PHUNC SIN H(6 UO ITO SM KOH MS NWPtocfOM ovtT ~l7i s7i ;7? p/i i7T ~<7? —sT; VT iftantsaEgßss «/4oi t/i 4/1 ~m~ t/i UTT" w/i 1/? vt mum w»T 10/1 it/i i</t in in T? it5 r wmmcbwcs %/m wr n/1 \UT
      1,333 words
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      Page 32 Advertisements Column 2
      1007 32 I NORASIA VESSEL VOV SIN ALO LAS BCL VAL HAM M ROT ANT F& Utt 2£.i 22 2W2 NORASIA HOMO KONG MO6-3 1792 17® M 2 82.48 M 3 CQ on mq nuj Mn 17M3 NORASIA SHAfUA* SS SS 15E IMn 17/ M IMS 1 SL MOTIVATOR M«* IMS IMS
      1,007 words
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      Page 32 Advertisements Column 3
      635 32 Y i I JAPAN/HONOKONO/BTRAITB REGULAR SERVICE 1 LOADING FOR PORT KLANQ/PENANQ vessel vor > pore pbuoamo pm |pew urawus h iwpt "a jaw aa i a jaw vjm MAJUJAYA J a JAW M JAW CHUWKUAW 18 a JAW Ufa PAMOAWO TMOW UMA I BFH MFB ™™SAWTUJUH 18 WFB 87 Fa
      635 words
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      Page 33 Advertisements Column 1
      993 33 W STRAITS SHIPPING PTE LTD I 10 Hm Chiang Road #11-01 Kappal To wart |KJH Slßfapera 0208 Tal: *****88 Fax: *****17 NAjff" AWNIA paowo ttwt WMAm /SWgff (A SERVICE OF CHINA NAVIGATION CO) STRAm»»R VMOC 29 Jm JIJm Mtwn t Kota Nnatota 1" 1 "',7.' -_l "1 1 CAfMKA JN
      993 words
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      Page 33 Advertisements Column 2
      1666 33 W P&O Containers (Singapore Agendo Pte Ltd First Class Connections WORLDWIDE Td: ***'rTmsmpnoSp^^JtzShmnS 7517 CR Number *****9 *****/. > BYBABT ■■■nwwp Ki. M l w JSKSi "O* PWr'TO Hi SOU AMI HOT NAM OOT WW LSH 22S2SIJ!lfS!i 9902 211)1 23/01 28/01 12/02 14/02 19/02 999 j *°7 ®0T SPX. HA*
      1,666 words
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      Page 33 Advertisements Column 3
      370 33 <*mOUMD PRL PB» jowl >M W WD W B TWTIIIMa MMIiM WMHAI2I2MM 22*1 21*1 25*11 MPORT M*l 31/tl 82M Mt IM2 M*2 HOT Hm~ ■rarana w h*\h*\ s,trim mbowwn/ihm ati ati »i*i| smmb" mm mm mm itti ijjT 14m urn" um —Mgfifl HIT? mm 11m 12m um iwt im 17«
      370 words
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      Page 34 Advertisements Column 1
      860 34 !c flFFlttf mm am H P «W HM WU« LHV THP ROM ANW HBO PKL SOP E RfPUTHE Rtti 009 WI W JW M E GRAND RE 009 31/12 1/1 2/1 1/1 VI ?V1 31/1 J!2 12 52 3/3 w w c gentureow 7/1 an ivi 11/1 12/1 5/2 7/1
      860 words
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      Page 34 Advertisements Column 2
      940 34 I l)nuf l ffJti M w I msa VOTAGC DM AM MM MM SGP I I B OW 36/01 10/07 ilO? I iMIOUfT AHILJftW n/ni ii/ni ii/ai umi umi Mmcma imum mm n/w nm im» iuu ivw \tm TuST mS !t/o! m\ l 4 Si I I >Q#)l«toK<vtiAbu J I
      940 words
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      Page 34 Advertisements Column 3
      578 34 TEL: *****33 (12 UNES) FAX: *****18/*****03 TELEX: RS ***** ROMP (3 Uhml CR NO: **********0E ACCEPTING FCL AND CONVENTIONAL pn luwfcßis Andh«t 42W8 Wm Abyot 43W8 28/B3 MntwhaM. OpSi H' MMN—UM| r FULLY CONTAINERISED REGULAR LINER SERVICT. ACCEFTTNG BOTH PCI7LCL ALSO BSOfiOC IM Vpy Spara P. LaH JHI [cTOWN Paarto
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      Page 35 Advertisements Column 1
      447 35 fixed day Hi dmctsaumstol BB V AkS HK VM HAIFA-14DAYS MEW YOKK 28 DAYS T* (ttMftl): HIHtO li/«l/lM*/«f timer Out COSTAR SHIPPING PTE LTD atsui/m itttstt I Slfti, Wtf 117 11 C»nt*U»* *****11 0/0 *****11 uf,r„iM MMMrOWTIf OMIHtHwrl «*L'!SKf MW fli nutu Iriiliittlß iKK/NrM i/iiTu si*i„,r, IIM uc*»: CCtu jQHont
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      Page 35 Advertisements Column 2
      492 35 ©HEUNG-A SHIPPING (KOREAN FLAG) I] CR NO: **********0 11 i wmcowwMßßasßvia xmornmctpwibsvc KKTOIW |Wt |W»||W[lll|«|||«»|W»|K lnllUMltt |w| Kl«ll I HttyNQ-A STRAIT _JML Jl/iL Hfll M/tl <1/W M/ 02 12/02 13/02 14/02 *>IN I I Iff/ft |WW 07/o^l EXMUMURSC noooommminiaisi MMu uWM WVITIV I PMMi MIR V Ml -199 MB M
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      Page 35 Advertisements Column 3
      357 35 I FAMOUS CONTAINER LINES JIP 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 y HOT UNE: *****33 (30 UNES) 2 SAILINGS A WEEK TO MANILA FOR BOOKING *****33 CONTACT SHARON LOW P. KLANG PH: 0203/*****02 (10 LINES) PENANG PH: 0204/*****7 (10 LINES) J BAHRU PH: 0207-*****22 QLOBEUNK FORWARDERS PTE LTD MHB rmu
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      Page 38 Advertisements Column 1
      433 38 BKAPAL KRIS Shipping Pte Ltd 706 DUXTON ROAD, S'POK *****9 T«fc *****76 fix: *****77 D CR NO. 1Qy*****000G SYARIKAT PERKAPALAN KRIS SENDIRIAN BERHAD 309-609 BLOCK A GLOMAC BUSMESS CENTRE, 101 ALAN SS 6/1, KEANA JAYA, P.O. lOX 8428 ***** PfTALING JAYA, SHANGOft. TEL: *****77/78/79 FAX: *****07 TILE* MA ***** PASIR
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      Page 38 Advertisements Column 2
      214 38 SOUTHERN AFRICA SERVICE FWOM: UK J COMTWOT/ MIPOLE EAST TO: FA* EAST MKIMQNTHLY SAIUNQS EUKOftSCTVKE VBSEL/VOT SM IAEiOMIMM HOUMOHS PHUNO VBSE KX TGM SM P* MTS DM CT TAW SKM KKU TMA TUMNDOT VOIO 31/11 13/11 17/92 09/02 CHERRY FLOWER VIM SlO SU) SU) SU) 21/01 01/81 M/OJ PAOWVI/N 29/01
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      Page 38 Advertisements Column 3
      278 38 IfMiHlMfl/Hll < 91 TELOK SLAN6AH ROAD MR-K OTPORT CENTRE, STORE MM TEL *****11 (6 linos) FAX: *****05 TLX: RS ***** Cfi NO. **********0W vasa m n* no oanunoA I ■MUM UN ZMMO 2MIM MXMfMOK I mmmm cm am* tmw mmmwn smba mi mim a*i m mmmmmmummmm MMUUM M 2MIM MIM
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      Page 38 Advertisements Column 4
      52 38 £3Ej»#*rߣf3 Jlll_ Astro Shipping Pt» Ltd TEL: MO-*****K1 HUES) FAX: 325-40 M r^^jr] Tete-Garoes Crack Safe Test your skill against our "Super Safe* Computer. J Break the 4-digit Code within 10 tries. Or else, you'll be caught ...by our ever vigilant "Tele-Cop*. Cost: 30 cents a minute MFSline An SPH
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      657 39 I BSA M MYANMA Oik FIVE STAR UNE (Myonnar National Lint) Loading for Yaofo* (Raoyooo) VOY SIN PK6 PfN PGU fathom iuw m/«i MA6WAY HW 03/01 MALAYSIA AGfMTS: KXKTtAfI SMFfWG A6BKKS H* m 07-03-*****00 PIL TO 01-03-37*4101 rot m 01-04-*****01 POO: IE 01-07-*****11/4 M BANK LINE (A scrvkt «< JU*tw
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      Page 39 Advertisements Column 2
      570 39 ADVANCE CONTAINER LINES (PTE) LTD < —f\J* I 140 Cacil Stroat, #12-00, PH. Budding, Singapore *****0 ImZ TEL: *****21, FAX *****19, TELEX RS ***** ACLPL C« Ntt **********0E IMPORTANT ANNOUNCEMENT NEW INTRA ASIA SERVICE GOES WEEKLY! Beginning March 1996 ovr Intra Asia Service will be upgraded. Presently: 3 Vessels with
      570 words
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      Page 39 Advertisements Column 3
      734 39 Vtaati w" «N MWETTA LEKW/WE HAMBURG THAMBBKXII ROTTERDAM ANTWERP VMgDECAPBIA T\9M 28/01 07Ag IMB IMB IMB IMB 21/02 WUtDtUWA LI3M/ 02/02 IMB 2KB 21/02 2MB 5555 2MB \fILLE D*AOULA AI3W 07/02 IMB 2MB 2MB 01/08 02/03 04/03 VEIEDECARMA I CI3W 2MB 08/03 QMB o*oo o*o3 IMB ALSO ACCEPTMQ CARGO TO
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      867 40 i BSmmfißi; m ■■hqhhz^^hhm [VESSEL I VOY I SIN JKT ~l [VESSEL I VOY I Mm PEN I^B [VESSEL VOY SJ Z3T (SRA BHUM ***** fti 38/01 Sun 28/01 BHUM Mil "lhu |toPt Sat 27/01" <H YANTRA BHUM iitw~ Thu to Pt gun 28/01 WPV gHy¥ 9Wg 9* VW TW
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      Page 40 Advertisements Column 2
      607 40 79 ANSON ROAD, *21-01, SINGAPORE 0207 CR **********0N STRAIT* SHUTTLE SERVICE 7 PORT KLAWO PENANQ v««& w tm na vessel voy I sm p» SEA LAUREL 454N 2801 SUN 29*01 MON SUSAK ***** 27/01 SAT 28/01 SUM MCCWNWCE ***** 2901 MOM 31/01 WED PACIFIC LADY ***** ?8/01 SUM 15oi Tuc
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      Page 40 Advertisements Column 3
      206 40 #09-00 NEHSONS BUILDING 24 PECK SEAH STREET •ooKiwa«HOu»«ii GAPORE 14 nnnnn innnrm TIL: 323 1133 FAX: 221 4003/H/S8 rasa voy sum snn» txsnunon SUNfIKKI 3/H Ml 31/01 rUN/NBMK swur 3/h am os/rc ranwiK/anm flftfOttUO 2/H 31/11 02/02 H9MII/MUK SliUft 2/H 27/11 21/01 JNUn/ftUNG OKfKHMJO 2/H 31/H1 02/02 JMMMIOMB AS& 3/H
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      Page 41 Advertisements Column 1
      601 41 r Jm—l sino BXPRKSS SHIPPINO (PTI) ltd. I MM I 11 COLLYER QUAY *06-01 THE ARCADE SINGAPORE 0104. 1 TEL: *****00 (4 LINES) FAX: *****96 TLX: R*****1 SINOEX r SIWOTRAWS SHANQHAI (CONTAINER SERVICE) SIM/HKQ/SHAI t STORE HKQ BHAI VESSEL VOY ETA ETP ETA ETP ETA ETP 9601/9602 20/01 21/01 25/01
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      Page 41 Advertisements Column 2
      425 41 IftAßmn CONTAINER LINES, INC I A||«lrts: MAC-NEL2 SWRE: *****22 (24 LHKS) koc4n Q ,o®)«4«3 LN/VzJ SS^ISL,-, 25^flS£2£i« fKOMOimnatn JKT:Q1)a»<l1»7M0N:(tl)m wo SSSSK^gSSSS? 0 I CEBU i mv "INTRA BHUM" V.25E ETA 2/2 VANCOUVER (B.C) MTL/TOR mv "HANJIN FELIXSTOWE" V.028E ETA 2/2 FCL MADRAS USS37S/20' +CAF CAIX ■XPOWT/IMPOHT; *****28 I EASTERN CAR
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      Page 41 Advertisements Column 3
      109 41 WEEKLY SAILING TO I 'V > Ik CIS STATES I MA BANDAR ABBAS/BUSAN>§ f£ UKRAINE (Vl* ODESSA) f MOSCOW mmtm W THE RUSSIA SPECIALIST ACCEPTING BOOKING FROM FAR EAST,"S INDIAN SUB-CONTINENT AND CHINA MAIN PORTS. VESSEL VOY SIN JKT? SEMTOBA JAVA 3088 24/01 27/04-^? SERAYAJAYA 200SR 28/01 29/01 BENANQ JAYA
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      496 42 SHIPPINGTIMES BUSINESSCENTRE ADVERTISING THAT DELIVERS YOUR BUSINESS FACTS THROUGH THE FAX JUST CALL 740-6000 Sentosa LES Inmarsat-C/C-Plus services. D ius with Ensure you get the message everytime. Sentosa LES Inmarsat-C is a compact Sentosa C-Plus service is a full range of Sentosa packet data communication system enhanced Inmarsat-C service which
      496 words
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      Page 42 Advertisements Column 2
      353 42 1 TEAMWORK is when everyone J| Hp? -rulfalllSlj takes responsibility and diligently Docunwnt€Poti work towards achieving the main Aflfl? goal. A quality which has been The Total Transportation People B embraced by all at Visa Freight Transportation I these past ten years. Put your People transportation needs in our hands
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  • Page 43 Miscellaneous
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      123 43 LEGENO R Thunderstorm Temperotwe *q y Shower Weother Wind cfirectx>n with speed in knots Roin I Cloudy Sky Wov "Wi or. indicoted by arrows which fly with the wind Ono fUi circlo represents calm or fight ond vonoWe winds i— One haH Heche represents 5 knots L— One hJ Heche
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